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      'Trump Is a Fraud, Exhibit One Billion': Trade Deficit Soars to 12-Year High Despite President's Promises to Wipe It Out

      'Trump Is a Fraud, Exhibit One Billion': Trade Deficit Soars to 12-Year High Despite President's Promises to Wipe It Out

      "Trump pledged to eliminate the trade deficit and end job outsourcing, but the overall 2020 deficit is on track to be larger than when he took office, and his Labor Department has certified more than 300,000 American jobs were lost to outsourcing and imports during his presidency."

      Jake Johnson
      Sep 04, 2020

      Donald Trump promised on the campaign trail in 2016 that, if elected president, he would bring about a rapid and unprecedented decline in the U.S. trade deficit.

      But new figures released by the Commerce Department on Thursday--nearly four years after Trump's victory in the 2016 presidential election--show that the trade deficit soared to a 12-year high in July due in large part to a surge in imports, bringing the total negative trade balance in the first seven months of 2020 to $340 billion.

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      News

      Launch of New NAFTA Marred by Detainment of Mexican Labor Activist, Hundreds of Court Challenges Against New Mexican Labor Law

      Statement of Lori Wallach, Director, Public Citizen’s Global Trade Watch

      Newswire Editor
      Jul 01, 2020

      Note: The revised North American Free Trade Agreement (NAFTA) goes into effect today, July 1. The U.S. Senate passed the new NAFTA in January 2020 by a margin of 89 to 10 after the U.S. House of Representatives voted by a margin of 385 to 41 in December 2019.

      On paper the new NAFTA--with improved labor terms added and extreme Big Pharma monopolies and ISDS investor rights removed -- is better than the original, but it won't benefit people unless it's effectively enforced.

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      Newswire

      Pacific Trade Deal Is 'Corporate Powergrab', Say Campaigners, as UK Pledges to Join

      Commenting on the Liz Truss's announcement today that Britain will seek to accede to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (known as TPP for short), Nick Dearden, director of Global Justice Now said:

      Newswire Editor
      Jun 17, 2020

      Commenting on the Liz Truss's announcement today that Britain will seek to accede to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (known as TPP for short), Nick Dearden, director of Global Justice Now said:

      "The Transpacific Partnership is an awful deal which fuelled massive protests in Chile and became so toxic that the US withdrew from it. Like its sister deal TTIP, it is a threat to our public services like the NHS, our food standards and our privacy online. The government can't kid us that this isn't a corporate powergrab because unlike the deal they're negotiating with Trump, the TPP exists already, and we can read the provisions for ourselves.

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